How to cope with a traumatic illness?

Monday, 14 July 2014

How to cope with a traumatic illness?

Most of us know at least one person who has, or has had, a traumatic/critical illness and the effect it can have on their life.

Being told you have a critical illness can take you through a range of emotions and lead you to assess your life.

Protecting your family’s future

Saturday, 14 June 2014

Protecting your family’s future

We insure our cars, our homes and our furniture. So why do so few people protect their most important asset of all — their ability to earn an income?

Research shows most Australian families are underinsured, putting their financial security at risk.

 

Investing for Children

Wednesday, 04 June 2014

Investing for Children

One of our clients recently asked us: I want to invest some money for my children to use when they are older. I’ve looked into scholarship funds but I can’t guarantee the money will be used to pay for their education. What other options could be suitable?

Scholarship funds can be a tax-effective option if the money is used to pay for eligible education expenses, but are not as attractive if the money is used for other purposes. Given you want the flexibility to decide how the money is spent, it would be sensible to consider other options.

 

Powers of Attorney Explained

Wednesday, 04 June 2014

Powers of Attorney Explained

Helping you get your financial house in order and keeping it that way is our greatest priority but every great financial house is built on great foundations and not taking the time to get these right can leave you and your loved ones in financial peril.

 

Pay Yourself First!

Wednesday, 04 June 2014

Pay Yourself First!

One reason property has been such an impressive wealth-creator for so many Australians is that it forces us to invest regularly, almost without thinking. But property isn’t the only way to benefit from a disciplined investment plan. Here are three simple ideas to help you end this financial year ahead.

Property vs Shares: What’s Best for Retirement?

Wednesday, 04 June 2014

Property vs Shares: What’s Best for Retirement?

It’s safe to say, we all desire a long, healthy retirement. And for Australia’s Baby Boomer population and generations to follow, this is a likely scenario.

How your superannuation nest egg, property assets and other investments play together to fund this desire is something financial planners work on with clients every day.

What’s an Age Pension really worth in 2014?

Wednesday, 14 May 2014

What’s an Age Pension really worth in 2014?

With the Federal Budget looming tomorrow night and much media commentary and speculation around changes to the Age Pension, it got me thinking about what an Age Pension in Australia is really worth in 2014?

Many Australians believe the Age Pension is a form of social contract between themselves and the Federal Government? If I work hard over my lifetime and dutifully pay my taxes the government will provide me with a pension in my old age when I am no longer able or willing to work! The view amongst parliamentarians of both sides of politics however, and the Social Security Laws, clearly set out the Age Pension as a safety net for those unable to provide for themselves in retirement!

Avoid Money Problems in Retirement

Friday, 02 May 2014

Avoid Money Problems in Retirement

This article was prompted by a phone call I took from clients Anne & Bob last week. Anne was calling to let me know her daughter, son-in-law, and their three kids had finally moved back home to their beautiful little corner of the Darling Downs. 

The latest MLC Retirement Survey

Monday, 14 April 2014

The latest MLC Retirement Survey

MLC Retirement Survey CommonCents Wealth

The latest MLC Retirement Survey is a real eye-opener for those that look at their retirement planning every now and then.

Interesting to note is that only 3.5% of people think that they are adequately prepared for retirement, in fact the majority believe that they will have a large financial shortfall when they reach their so-called Golden Years.

 

8 Tips to a great holiday

Monday, 14 April 2014

8 Tips to a great holiday

A well-planned holiday ensures you can enjoy your time away and reduce your worry about money, travel and accommodation stresses. By following these 8 tips to a great holiday you will increase your holiday benefits.

Make sure to put together a budget: Get your travel buddies together and plan all the things that you want to do and see on your holiday. Once you’ve got your agreed upon list together then move onto working out the costs for each item. Depending on what you’re planning, $200 per day may not be that unreasonable.

10 tips to a better financial 2014!

Monday, 14 April 2014

10 tips to a better financial 2014!

Resolutions for 2014 no doubt abound in your household at the moment but how many of these are financial and what steps are you taking to make sure they come to fruition? By following some simple steps you can make sure that your resolutions for 2014 don’t become your resolutions for 2015.

Why investors need to be wary of crowds

Monday, 14 April 2014

Why investors need to be wary of crowds

Being wise with your financial planning decisions is a simple concept, it’s just that it’s rarely easy.

What makes the right decisions even harder is when the right decision for you is different to what everyone else is doing.

 

One third of Australians expect major retirement savings shortfall

Monday, 14 April 2014

One third of Australians expect major retirement savings shortfall

Almost one third (31.7%) of Australians expect a large financial shortfall at retirement with a further 25% expecting a shortfall to some extent, according to a special report: MLC Retirement Survey.

Alarmingly only 3.5% of Australians expect to have more than enough money to maintain their lifestyles in retirement.

Our comprehensive online resource enables our clients to explore at their own pace.

 

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Commoncents Financial Planning
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Phone: 1300 376 781
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